Convenience stores, including those that offer gas, food, car washes, vehicle repairs and truck stop facilities, often enjoy a steady stream of traffic. As a convenience store owner, you do face multiple risks and hazards, however. Protect your business with Convenience Stores/Mini-Marts Insurance.
General Liability
With general liability insurance, you receive broad coverage that insures you against a variety of risks and hazards. It also grows with your business as you add new inventory, products or stores.
Purchase general liability insurance and receive coverage for:
Coverage examples
- Premises Liability - If a customer is injured on your property or their property is damaged while on your premises, you are liable for the medical payments or repairs. Liability coverage pays for these expenses.
- Products Liability - There's always a risk that one of your suppliers, manufacturers or distributors could provide you with a product that causes harm to your customers. Use your products liability insurance to pay medical costs, legal defense, settlements and related costs.
- Completed Operations - When an employee makes a mistake activating a cellphone, issuing a money order or performing another service, the customer could sue your business. Completed operations insurance pays these claims.
Business Owners Policy
Also known as BOP, a business owners policy protects your physical and intangible business assets. It includes general liability and other protections based on your needs.
Common BOP components
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Employee Dishonesty Coverage
- Newly Acquired or Constructed Buildings
If you operate a fueling location, consider Self Service Gas Stations/Mini Marts Insurance that addresses gas-specific exposures.
Workers' Compensation
Workers' Compensation is normally required by law. When an employee is injured or becomes ill because of the job, this coverage pays for related expenses.
Business Auto
You or your employees may drive a vehicle for business purposes. Your business auto insurance will cover any liability if you cause an accident or property damage. It can also pay for any goods that were lost or damaged, vehicle repairs, injury expenses or medical bills.
Commercial Umbrella
Even if you purchase all the insurance options available, you may still need additional protection. A commercial umbrella policy extends your coverage limits and protects your business and assets.
Consider Additional Coverage Options
In addition to these five insurance categories, you can purchase insurance for:
- ATM Machines
- Canopies
- Car Wash Building and Equipment
- Flood Insurance
- Garage Keepers Liability
- Liquor Liability
- Pollution Coverage for underground storage tanks
- Pumps
- Theft and Crime
- Utility Time Element Coverage
- Windstorm Coverage
For environmental or underground storage tank concerns, see Convenience Stores Insurance Program — Legends Environmental Services.
Convenience store insurance is important. To protect your business, discuss with an agent.
Frequently Asked Questions
What does convenience store insurance typically cover?
It commonly includes general liability, property coverage, business income, workers' compensation and business auto, with optional endorsements for items like pollution or liquor liability.
Is workers' compensation required for convenience stores?
Most jurisdictions require workers' compensation if you have employees; check local rules and ensure employees are covered for job-related injuries and illnesses.
Do I need pollution coverage for underground storage tanks?
Pollution coverage is advisable if you have underground tanks, since leaks can cause costly cleanup and third-party claims not covered by standard policies.
How can I manage liability from in-store services like car washes or vehicle repairs?
Carry appropriate general liability, garage keepers liability (where applicable) and ensure employees are trained and supervised to reduce operational risks.